Manhattan Associates Inc (MANH)

Cash ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	270,741	225,463	263,706	204,705	110,678
Short-term investments	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	365,915	315,595	249,042	196,986	181,596
Cash ratio		0.74	0.71	1.06	1.04	0.61

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($270,741K + $—K) ÷ $365,915K
= 0.74

The cash ratio for Manhattan Associates, Inc. has fluctuated over the past five years, ranging between 0.71 and 1.13. The ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents. In 2023, the cash ratio stood at 0.81, showing a slight increase from the previous year's ratio of 0.79. While the ratio has decreased compared to 2021, where it was at its peak of 1.13, it still indicates that Manhattan Associates, Inc. is capable of covering its current liabilities with its cash reserves. It is important for investors and analysts to monitor the company's cash ratio over time to assess its liquidity position and ability to meet short-term obligations.